Daily Investment Interpretations

January 15, 2010

2010-1-15:  The indices all took a major hit.. The NASDAQ Composite backed up 28.75 points, (-1.24) to close at 2,287.99, the Dow dropped 100.9 points (-0.94%) to close at 10,609,655, and the S&P 500 closed down 12.43 points (-1.08%) to 1,136.03. Oil fell further to $78.00 a barrel. Gold doffed $13 to end at $1,131. The VIX rose a modest 0.28 to 17.91.
    Why did the markets fall like this? Marketwatch' take: Bank fee, tarred as Chavez tactic, roils the industry. However, my advisory services still haven't thrown in the towel. The China and Emerging Markets newsletter sees the current Chinese slump as a buying opportunity. (I hope they're right!)
   Mark Hulbert: Contrarian sentiment picture improves.